First Jackson Bank is offering some competitive CD and IRA CD rates. The best ones include:
- 2.05% APY 12-month CD
- 2.10% APY 18-month CD
- 2.25% APY 24-month CD
- 2.75% APY 30-month CD
- 3.00% APY 36-month CD
The above rates are listed in the bank's CD rates page as of 3/09/2010. Similar rates are listed in the bank's IRA rates page. Minimum deposit is $1,000.
A reader mentioned that a bank representative was going to let him to open a CD by mail. As with any small bank, these policies can often change. So your miles may vary. Branches are located in the Alabama cities of Stevenson, Bridgeport, Scottsboro, Owens Crossroads and in the Tennessee city of South Pittsburg.
The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial (based on 12/31/09 data) and 1 star (lowest) at Bankrate.com (based on 9/30/09 data). The bank has been a FDIC member since 1981 (FDIC Certificate # 23376).